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W.D. Company reports 13.9% passive stake in Dillard's

DDSDillard's

$59.41

0.32 (0.54%)

09/28/16

FBCO

09/28/16UPGRADETarget $70FBCOOutperform

Dillard's upgraded to Outperform from Neutral at Credit Suisse

Credit Suisse analyst Michael Exstein upgraded Dillard's to Outperform citing the company's consistency in capital allocation and its valuation, which he says is at the low end of its historic trading range. Dillard's will continue to reduce overall debt and buy back stock, Exstein tells investors in a research note. He raised his price target for the shares to $70 from $63. The analyst coupled the upgrade with a downgrade of Macy's (M) to Neutral.

09/28/16

09/28/16UPGRADE

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Workday (WDAY) upgraded to Neutral from Underperform at Wedbush with analyst Steve Koenig citing second-half 2016 sales potential, following a first-half which he thinks wasn't as good as generally perceived. 2. Dillard's (DDS) upgraded to Outperform from Neutral at Credit Suisse with analyst Michael Exstein citing the company's consistency in capital allocation and its valuation, which he says is at the low end of its historic trading range. 3. Cypress Energy (CELP) upgraded to Buy from Hold at Stifel analyst Michael Hoffman saying the CEO is upbeat on the company's outlook and its ability to maintain its distribution at current levels. 4. Huntington Bancshares (HBAN) upgraded to Buy from Hold at Deutsche Bank with analyst Matt O'Connor saying the 15% pullback in the shares since the FirstMerit (FMER) deal was announced is overdone. 5. Hi-Crush Partners (HCLP) upgraded to Neutral from Sell at UBS with analyst Shneur Gershuni saying recent commentary from oil field service companies indicate an increase in sand demand and intensity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

02/10/17

SUSQ

02/10/17INITIATIONTarget $60SUSQNeutral

Dillard's initiated with a Neutral at Susquehanna

Target $60.

08/10/17

JPMS

08/10/17NO CHANGETarget $36JPMSUnderweight

Dillard's price target lowered to $36 from $49 at JPMorgan

JPMorgan analyst Matthew Boss lowered his price target on Dillard's to $36 from $49 and reiterated an Underweight rating on the stock after the company reported quarterly losses, which it attributed to "significant markdowns" to deal with its inventory.

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